secwatch.observer — SEC 8-K summary
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Issuer:     QUICKLOGIC Corp (QUIK)
CIK:        0000882508
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001437749-24-034262
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QuickLogic Q3 revenue down 36% YoY to $4.3M; GAAP EPS loss $0.14 vs profit $0.08 last year
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- Revenue $4.3M, down 35.9% YoY; new product revenue $3.5M (-42% YoY) on timing of eFPGA IP deliverables.
- GAAP net loss $2.1M ($0.14 per share) vs net income $1.2M ($0.08 diluted) in Q3 2023.
- Non-GAAP net loss $0.9M ($0.06 per share) vs non-GAAP income $1.8M ($0.13) a year ago.
- GAAP gross margin 55.8%, down from 76.9% YoY; operating expenses $4.2M.
- CEO: eFPGA Hard IP delivered or in progress for six processes, including Intel 18A; SensiML added RISC-V support.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/882508/000143774924034262/0001437749-24-034262-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/882508/000143774924034262/quicklo20240916_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-034262

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